Report Update Nov 1, 2024

Azerbaijan - Other Cyclic Hydrocarbons - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Azerbaijan

In 2021, the Azerbaijani cyclic hydrocarbons market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Cyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Azerbaijan

In value terms, cyclic hydrocarbons production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Azerbaijan

In 2013, cyclic hydrocarbons exports from Azerbaijan declined rapidly to X kg, which is down by -20% compared with the previous year's figure. Overall, exports showed a sharp contraction. The exports peaked at X kg in 2012, and then dropped rapidly in the following year.

In value terms, cyclic hydrocarbons exports shrank remarkably to $X in 2013. Over the period under review, exports recorded a precipitous decline. Over the period under review, the exports attained the peak figure at $X in 2012, and then shrank dramatically in the following year.

Exports by Country

The Netherlands (X kg) was the main destination for cyclic hydrocarbons exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to the Netherlands stood at -20.0%.

In value terms, the Netherlands ($X) also remains the key foreign market for other cyclic hydrocarbons exports from Azerbaijan.

From 2012 to 2013, the average annual rate of growth in terms of value to the Netherlands stood at -20.0%.

Cyclic Hydrocarbons Imports

Imports into Azerbaijan

In 2021, supplies from abroad of other cyclic hydrocarbons decreased by -52.8% to X kg, falling for the third consecutive year after two years of growth. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2018 when imports increased by 1,115% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports shrank to $X in 2021. Over the period under review, imports showed a dramatic decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 1,737%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Iran (X kg) constituted the largest cyclic hydrocarbons supplier to Azerbaijan, with a 84% share of total imports. Moreover, cyclic hydrocarbons imports from Iran exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran stood at -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.0% per year) and Denmark (-38.4% per year).

In value terms, the largest cyclic hydrocarbons suppliers to Azerbaijan were Belgium ($X), Denmark ($X) and Iran ($X), with a combined 60% share of total imports.

Belgium, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, with an increase of 98% against the previous year. In general, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 101% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+50.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for other cyclic hydrocarbons in the world?

China remains the largest cyclic hydrocarbons consuming country worldwide, accounting for 21% of total volume. Moreover, cyclic hydrocarbons consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7.2% share.

What are the largest producers of other cyclic hydrocarbons in the world?

China constituted the country with the largest volume of cyclic hydrocarbons production, accounting for 23% of total volume. Moreover, cyclic hydrocarbons production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Spain, with a 7.2% share.

What are the leading suppliers of other cyclic hydrocarbons to Azerbaijan?

In value terms, the United States, Germany $616) and Turkey $176) constituted the largest cyclic hydrocarbons suppliers to Azerbaijan, with a combined 85% share of total imports. These countries were followed by China, Switzerland, Belgium and India, which together accounted for a further 14%.

What is the average import price for other cyclic hydrocarbons in Azerbaijan?

The average cyclic hydrocarbons import price stood at $18,008 per ton in 2020, surging by 1,222% against the previous year.

This report provides an in-depth analysis of the cyclic hydrocarbons market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141290 - Other cyclic hydrocarbons

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023